Association owner recurring credits

A recurring credit is an automated posting mechanism that shows money owed to the resident based on a pre-set frequency.

For example:

  • Harry gets $50 off if he pays by the 1st of the month. I've set up this discount using a recurring credit.
  • Francine negotiated a better rate, so I've put in place a recurring credit on her ledger to represent this discount.
  • Louis landscapes all the yards on our properties, and therefore I put a recurring credit on his ledger to represent this work in exchange for a lower amount owed.

 

Add an association owner recurring creditShowHide

    1. Navigate to Associations > Ownership accounts page.
    2. Click the name of the Association Owner you'd like to add a recurring credit to.
    3. From the account summary page, click the Financials tab.
    4. Click the Recurring transactions page, then Add recurring credit.
    5. Add information about the recurring credit.
    6. Click Save recurring credit or Add another recurring credit

Edit an association owner recurring creditShowHide

  1. Navigate to Associations > Ownership accounts page.
  2. Click the name of the Association Owner you'd like to edit recurring credits for.
  3. From the account summary page, click the Financials tab.
  4. Click the Recurring transactions link, then click the next transaction date corresponding to the credit you'd like to edit.
  5. Click Edit recurring credit.
  6. Make your changes.
  7. Click Save recurring credit.

Delete an association owner recurring creditShowHide

  1. Navigate to Associations > Ownership accounts.
  2. Click the name of the association owner you'd like to remove a recurring credit from.
  3. From the account summary page, click the Financials tab.
  4. Click the Recurring transactions link, then click on the date of the recurring credit you want to delete.
  5. Click Edit recurring credit, then Delete recurring credit.
Article #: 112390

 

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